China has more than 1 Billion internet users that means 70% internet penetration rate by the year 2022.
The online retail sales generated through E-commerce business in China crossed $2 trillion by 2022 and expected to reach $3.5 Trillion by 2025.
China is the number one E-commerce market in terms of revenue and cover-up approx 35% of the total E-commerce market in the entire world.
Alibaba groupβs β Taobao & Tmall | JD are the biggest E-commerce players in China following by Amazon.
Internet penetration rate in China reached more than 70% is the main reason behind the development of eCommerce
If we talk about the payment methods then the local payment methods like Alipay | Wechat | Union Pay are the most used payment methods used by the Chinese.
Thinking to set up E-commerce online store in China?
USA Business can help you from setting up the online store (E-commerce) in China along with shipping | payment gateway and company incorporation + banking to run a successful eCommerce business.